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Should You Use Superannuation to Pay Off Debt in 2025? With rising interest rates and living costs in Australia, it’s tempting to dip into your super to tackle mounting debts. But is it the right move? Is Early Access Even Possible? Superannuation is meant for retirement, but in certain hardship cases, early access is allowed — like serious illness or long-term unemployment. Pros of Using Super to Pay Debt Clears high-interest debt quickly Provides immediate financial relief Risks and Downsides Reduces your retirement savings significantly May incur tax penalties or impact government benefits Misses out on compounding growth over decades Better Alternatives Consider debt consolidation, financial counseling, or negotiating lower interest rates before touching your super. Bottom Line: Your super is your future. Think twice before trading tomorrow’s comfort for today’s relief.

How Much Superannuation Do You Need to Retire in Australia? Retirement may feel far away, but the sooner you plan, the better. In 2025, Aussies are asking: how much super is enough? ASFA’s Standard Estimates The Association of Superannuation Funds of Australia (ASFA) suggests: Comfortable lifestyle: $690,000 (couple), $595,000 (single) Modest lifestyle: $100,000–$150,000 less What Impacts How Much You Need? Your retirement age Expected lifestyle (travel? hobbies?) Housing: Own or rent? Health costs How to Boost Your Super Salary sacrifice early Contribute extra (check tax limits) Consolidate old super accounts Compare super fund performance Pro Tip: Use tools like Moneysmart’s Super Calculator for a personalised estimate. Final Thought: Don’t wait. The earlier you start planning, the better your retirement will be.